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02 November 2005
Briton's travellers reportedly have more than £1 billion worth of foreign currency lying around their homes. A new study claims that holidaymakers bring back an average of £16 in foreign currency when they go abroad that is never changed back into sterling.
Research by Marks & Spencer Travel Money reveals that 80 per cent of travellers bring home foreign currency back with them from overseas, with 28 per cent returning home with more than £50.
More than three quarters of UK travellers who bring money back from their holiday do not bother or just forget to change the money back into sterling and 33 per cent just leave it in a drawer, wallet or handbag. Only six out of ten stated that they would definitely use their foreign currency in future.
M&S Money commercial director, David Mackay, said: "This year, 14 million travellers brought home at least £50 from their trip abroad. If they changed it back rather than forgetting about it, they could put the money towards a deposit on their next holiday or a short break.
"Holding on to euros is understandable, but the 42 per cent who holiday outside the eurozone would be better off changing it back to sterling, for example in-store at M&S bureaux de change where there is no charge for converting unused currency."
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